Lakewood (township Of), New Jersey Business Gets SBA-Guaranteed Funding from The Bank

An SBA loan from The Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lakewood (township Of), New Jersey business owner got a $875,000 loan.

Getting a small business loan in Lakewood (township Of), New Jersey was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Bank, operating out of Windsor, New Jersey. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: OUTPATIENT MENTAL HEALTH AND SUBSTANCE ABUSE CENTERS
LAKEWOOD (TOWNSHIP OF), NJ 08701

SBA Loan Lender

THE BANK
RTE 130 MAIN ST
WINDSOR, NJ 08561

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621420 - Outpatient Mental Health and Substance Abuse Centers

Loan Approval Date

1/11/2007

Loan Approval Gross Amount

$875,000

Loan Approval from the SBA

Of the total $875,000 loan amount, the SBA guaranteed $656,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help retain 30 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $875,000. How would you spend $875,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

How Equity Dilution Works

Where to Get an SBA Loan in Windsor, New Jersey

Browse All Business Loan Sources for New Jersey